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Search Results 0 to 27 of about 28 (some duplicates have been removed)
in europe. ford and gm reported better-than-expected profits this week as north american sales helped boost revenue while european demand dropped. gm is looking to save $500 million in the next couple years as it restructures in that region. the automaker says it has cut 2,300 jobs in europe and wants to cut 300 more. ford is also restructuring by eliminating 5,700 workers in the uk and europe. "europe has been on the brink for awhile now. but it doesn't seem to be really impacting u.s. sales and north america remains a very profitable wing for most of these automakers worldwide. so europe is slumping and slowly but surely automakers are starting to remove capacity from that region and that should help them deal with it in the long run." that was kelsey may of ford and gm both expect to lose money in the eurozone. ford sees losses topping $1 billion. gm says it could lose as much as $1.8 billion. 18.5 million. that's the number of europeans who are currently unemployed. the region's jobless rate hit an all-time high in september of 11.6%. 146,000 people lost their jobs in the last
quarter in the u.s., and it lost money in europe. the bottom line for g.m. in the third quarter was stronger than ancipated. earnings per share totaled 93 cents, well above the 60 cents per shares expected. g.m. returned to profitability in south america and china profit jumped 10%. shares jumped 9.5% as volume tripled. g.m. hopes to stop losing money in europe by the middle of the decade. yesterday, ford told us it expects its european business to begin turning around in about a year. today, ford shares were also on the move after its strong earnings report during the market closure. ford rallied 8.2%. over $11 per share for the first time since may. some merger action in the clothes and fashion industry hit the tape with p.v.h. buying warnaco group, that's the company licensing calvin klein, speedo and other brands. warncstock shot up almost 39%. the dl tols $2.8 llion in cash and stock. the buyer, p.v.h., rose 20% as a big sign of market confidence in the deal. and u.s. vitamin maker schiff nutrition has agreed to be bought by bayer, pushing schiff stock up 46%. the five most
about the other day. >> some gm numbers are expected in about an hour. gm is expected to earn 60 cents a share on revenue of $35.7 billion. gm, don't they have loss -- i mean, if they can't make money at this point, they ought to be able to because i don't think they have to pay taxes again. that's another way we sort of don't get our money out of gm. now we'll be watching facebook. about 230 million shares held by ples became employees became eligible for sale on sunday. >>> equity trading will try to get back to normal today after superstorm sandy forced the new york stock exchange and the nasdaq to wait out the storm and stay close from the last two days. if investors areomin back today, they may be wondering whether there's going to be extra volatility. ira harris joins us right now from the cme group in chicago. what's the sense you get? i've actually been surprised by how orderly all of this has been to date. >> it has been orderly, but i think that's because we've been taking our reads off of the european markets, which have held up pretty well. better than well. and where we ar
of the month. sales at g.m. rose almost 5% on strength in its cadillac and buick brands. at ford, sales barely budged, up just four tenths of a percent. the auto maker believes the massive storm cost the industry as many as 25,000 sales in the last three days of the month. chrysler was up 10%, led by its ram pickup truck. toyota's sales were up 16%, while honda gained about half that. also from ford today, some management news that looks like a succession plan. mark fields was tapped to be chief operating officer, a move seen as steering him to eventually take the wheel from ford c.e.o. alan mulally. diane eastabrook reports. >> reporter: as chief operating officer, 51-year-old mark fields will run the day-to-day operations at ford, and will also be in charge of weekly business review meetings. 67-year-old alan mulally will remain c.e.o. through 2014, focusing on global products and the long-term strategy of the company. fields, a 23-year ford veteran, was handpicked by chairman bill ford seven years ago to run the company's north american operations. he's overseen successful product launches,
expected a 10% gain for gm because of the resolution of the $29 billion in pension costs they have. >> right, we're talking about gm and ford, both clear winners, obviously, and ford now, up 8.3%. both beat the streak. tomorrow, auto sales. liz: i know i mentioned netflix, but we have to show the move because this stock, during the year, was $133, and plummeted to an annual low of 52. look now, $79 all because the name carl icon attached to it. gl that's right. you know, liz, he's a game changer for the companies, getting a full stake in there and makes a lot of changes. a lot of clapping, the employees who helped to keep this place alive are ringing the closing bell.
rallied on stronger earnings reported while markets were closed. likewise, gm soared after blowing past earnings estimates. >>> on the down side, apple shares slid and weighed down the nasdaq. >>> and, sorry, amex, your gold card hasn't got anything on this new, pure-gold diamond and mother of pearl card from a bank in kazakhstan. the price? $100,000 big ones. >>> just ahead, how students in louisiana are making a difference in the wake of sandy. >>> plus, our own brian williams gets a firsthand look at the devastation in his old stomping ground on the jersey shore. you're watching "early today." >>> well, welcome back. we're continuing to watch the storm pulling into portions of oregon, especially portland this morning. looks like a lot of rain is heading your way. then the storm clears out in the afternoon and gets a little better. seattle, this slug of rain up interstate 5, actually, from the border of seattle southwards to the puget sound, olympia and olympics and down into areas outside of portland. as far as the forecast tomorrow, a little improvement, hit-and-miss showers, but pa
markets were closed. >>> likewise, gm so i remembered after blowing past earnings estimates. >>> on the down side, apple shares slid and weighed down the nasdaq and, sorry, a.m. ex, your gold card has nothing on this, a new pure gold diamond and mother of pearl card from a bank in kazakhstan. the price, 100,000 big ones. shake your head at that. >>> just ahead, how students in louisiana are making a difference in the wake of sandy. >>> plus, our own brian williams gets a firsthand look at the devastation in his old stomping grounds, the "jersey shore." you're watching "early today." >>> well, welcome back to "early today" this november 1st. the cool air has invaded behind sandy. that's going to stick with the areas that don't have power. pretty quiet weather forecast across the country. there's really no big storms in sight today. even tomorrow looks relatively drank will. just a few showers rolling through the northern plains. let's fast forward to election day. we've been focusing on the swing states. thankfully it looks like the storm will be a coastal storm heading out t
decline. they're talking about this cold war between japan and china. gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some
're small elements. they're not moving big. the market is not getting hurt equitiwise. gm and ford coming out with great stuff. >> what does that tell you that the equity markets are kind of hanging in there? >> i think it probably argues it is not as difficult a negative as many feared. it probably suggests the economy is doing better than we might understand. >> what is the trade then today as everybody returns and things look pretty good. commodities are showing up across the board. oil getting a boost. gold getting a boost. everything is up? >> we hoped for a few hundred points down on the open to take ad advantage of it. we like to buy things cheaper. a lot of people are disappointed which can't get good deals. you have to use red ink as beneficiary. >> we love color from the traders on the floor. we see action return to the floor of the cme group in chicago today. the big news will be jobs report. adp on thursday but jobs report on friday. what would you say folks are expected or anticipating? >> i think views are pretty negative. surprise upside we could be a little more positive t
also have kay shiller coming in with home prices at the highest level since september 2010. ford and gm beat. in terms of pent-up demand, the vibe is higher. to your point on whether trading will resume normally, i talked to traders yesterday. they said it could be dipping your toe in the water meaning volume is light in the beginning to see how things actually go to make sure the connections are there. we'll see if it goes as well as they predicted. >> this is one of those days where i sure hope it goes well because we've had lots of smooth days where there's no power outages that turned into a fiasco. >> true enough. >> i want to keep fingers crossed. >> it's not just about what happens in this building. goldman sachs has generator moving on power. not every bank has every office open today. tough to get around the city right now. >> tough to get around the city. tough to get employees for many of these banks to where they need to be. a number of them -- many of them are working remotely. as you say, everybody is trying to be fully open for business. i have made a handful of calls thi
markets were closed. likewise, gm soared after blowing past earnings estimates. >>> on the down side, apple shares slid and weighed down the nasdaq. sorry amex, the gold card has nothing on this guy. a new pure gold diamond and mother-of-pearl card from a bank in kazakhstan. the price, $100,000. >>> just ahead, how students in louisiana are trying to give a little back and also our own brian williams gets a first-hand look at the devastation in his old stomping ground, the new jersey shore. you're watching "first look" on msnbc. maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. you know it can be hard to lbreathe, and how that feels.e, copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance tre
about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after being closed for two days and many of these have no self service or internet service but nyse systems able to trade electronically and full force smooth opening for the new york stock exchange. when i talked with duncan neiderauer and he talked about electronic opening the truth is these big companies, goldman sachs and j. p. morgan would have to bring in someone somewhere even if we were trading electronically and just for keeping people lot of harm's way is what he meant when he talked about it being irresponsible to open any earlier than today. the pricing and trading done well but you need some human electronic trading w
didn't governor romney talk about benghazi? liz: a toyota or a nissan could have taken over gm and still preserved those jobs in this country instead of the government stepping in, same story with the battery maker, no. charles: let's kind of stick to this whole thing. if the president wins, he has talked about doubling down. initially doug and judge they talked about this as spending and then changed it to investing, understanding what you and i are talking about. >> the government actually claims it has an investment if this company? charles: the president says we're investing this our energy future. that's the line. we have all heard it so much that we can all kind of regurgitate it. >> that should drive your colleagues downtown crazy, why government gives away taxpayer cash or money it's borrowed from china and gives that way. charles: it should drive all americans crazy. but here's the thing, though. they continue to do it. they continue to say we're going to do this. it was an investment just like the internet was an investment just like the space program was an investmen
going forward. just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> you are watching "worldwide exchange" and these are your headlines. sandy leaves a massive path of devastation in its wake as r residents belong a long and costly recovery process. >>> barclays with two new investigations in
credit for the survival of gm and chrysler. >> i understand governor romney has time in ohio because he was against it in the auto industry and hard to run away from that position when you're on videotape saying the words let detroit go bankrupt. dennis: geometrics or went bankrupt a merge with help in federal financing. governor romney's plan would government providing guarantees for post-bank of the financing. meanwhile in wisconsin governor romney hit his campaign closing argument. >> he is so sure of that he has one big plan for the next four years. he wants to take all the ideas from the first term, the stimulus, the borrowing, obamacare, all the rest and do it all over again. that idea can be boiled down to four words, more of the same. dennis: president obama spends all day in the buckeye state. back to you. cheryl: more breaking news continuing into fox business. fema now arriving in staten island. let's go back to the latest there. cheryl: this is national guard distributing supplies to people who need party, and they set this up about 10 minutes ago. the bunch of people taking
highlights that you would pick out the gm in this last month? >> we're pretty positive this month. ashley: the sales are up .4%. the estimate was up 3.5%. they have the ford fusion coming out, the chevy still coming out. it could be a point in which not all the vehicles are out yet, but along those lines, things will be better and we know down the road whether there really is a problem or not. ashley: speaking with forbes management team. the ceo at lease through 2014, but it appears that the head of ford america says things are looking good three a lot of people are saying the same. certainly over the past few two years, it has put a big wall in the turnaround because there are much different companies than there were just a few years ago. if things go well, it could be anybody. i think obviously, it is a big choice of this moment in time. ashley: i wanted to talk more about hurricane sandy. on the flipside of this, yes, it hurt sales for the last three days of this month. but one insurance claim paid up those flooded vehicles, and they could see a boost in parcells as a result. >> certa
? is it possible to create gm in your garage now? mark? >> absolutely.utel so some things that people don't necessarily realize today, thea. cost of a computer numerically-controlled milling machine has come down somethinge on the order of 95% primarily because of moore's law. companies are making the software so much easier to use. we are training people how to use these tools in two or threeg class sessions. now, they're not world class mill rights at the end of two oe three sessions, but if you're patrick buckley and you want to do an ipad case and you come in and take three classes, 90 days later you could have, just like he did, a million dollar company. they did $10 million this year. square did the original threeuae prototypes at tech shop on the benches, so they're doing just fine. so the chasm has just gotten much smaller. typically when you do a software start-up, now you need 25, 50, $75,000. well, now you can do a hardware start-up for the same kind ofsa we've had dozens and dozens andd dozens of crowd-funded projects come through from $10,000 to $100,000 that actual
can be at gm or ford for your entire career, people now realize that's not as clear. and so they're more open to other opportunities. now, some of it there's, obviously, different skill sets. some of it is getting the people that do have that creative, innovative spirit to recognize there is an opportunity with some of the companies developing here. even more importantly is how to you get the folks that left detroit to come back here. i'm sure there's thousands, probably tens of thousands of people who that are born and rad here or went to one of the universities in this area who'd love to come back here but really decided to leave because they felt there wasn't a future. that pool of talent, drawing them back, i think, is also a big opportunity. but it really is all about talent. it's an idea plus capital, as josh said. but the most important ingredient is talent. >> you know, one of the things that's also an important ingredient is training and education. i just don't want this section sort of launching our day to get finished without dimensioning it. and another community that
Search Results 0 to 27 of about 28 (some duplicates have been removed)